Petrol and Diesel Price in Bongaigaon

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DayChange

Petrol-0.3

Diesel-0.3

CNG

Today97.1389.37NA
30 Oct97.4389.67NA
29 Oct97.1389.37NA
28 Oct97.1389.37NA
27 Oct97.1989.43NA
26 Oct97.4389.67NA
25 Oct97.1389.37NA
24 Oct97.1389.37NA

Note : there may be slight variations in prices across outlets within a city

M Web Banner for PPL Bongaigaon is a major city in the Indian state of Assam. It is a prominent urban region with booming tourism and industries. This has led to increased demand for petrol and diesel. From individuals to businesses, everyone in Bongaigaon requires petrol, diesel, and other forms of fuel. Thus, their prices play a major role in defining the economic growth of the city.

The petrol and diesel prices in the city are determined by Indian Oil Corporation (IOCL) and they also vary depending on the dynamic market conditions.

Petrol price in Bongaigaon

The petrol price in Bongaigaon today is INR 97.13 per litre. Recently, the price has seen a big reduction compared to yesterday's price. It is varying in the range of INR 97.13 per litre to INR 97.43 per litre.

The petrol price is inclusive of the state and central government excise duties.

Diesel price in Bongaigaon

The diesel price in Bongaigaon today is INR 89.37 per litre.

It has been moving up & down in the range of INR 89.37 per litre to INR 89.67 per litre. The diesel consumption in the city is far greater than any other fossil fuel and powers the vast transport system of the city. We get crude oil from countries like Russia, the United States, and the Middle East. The amount of oil we purchase from these nations and the rupee-dollar exchange rate are the main factors influencing diesel prices.

Excise duties coming from the central and state government also rack up the price slightly. The Assam government has put heavy taxes on the sale of diesel within the diesel.

The state and the central government on fuel tax

A fuel tax is a form of excise tax that is applied on the sale of fuel. In most countries, it is a major source of general revenue for governments. In our country, fuel price varies across states.

The central and state excise duties make up almost half of the petrol pump's price. The taxing structure of the central government is different and amounts to 10-20% of the final consumer price.

On average, all states in India make up about 17-20% of the fuel cost in tax revenue. So, around 60% of the pump cost goes to the government as tax revenue. The VAT (Value Added Tax) further racks up the price for consumers.

In the financial year 2020-21, the total tax revenue for the central government (for petrol and diesel) was INR 3.72 lakh crore. On the other hand, the total state government tax revenue on average was about INR 20,000 crore.

It was estimated that if the petrol and diesel tax rates were to return to the pre-pandemic levels, the central government would have lost about INR 92,000 crore in tax revenue. The taxes on fuel and alcohol are now a highly important source of tax revenue for state governments.

With the increase of a rupee in fuel tax, the central government nets around INR 13,500 crore annually - depending on domestic demand and the international market price of crude oil. Oil Marketing Companies have hiked petrol and diesel prices by INR 12.00 per litre and INR 10.00 per litre respectively after March 2022.

The global price of crude oil has seen a mammoth increase since November 2021 from roughly $25.50 per barrel to $106.50 per barrel. Our country has to import almost 85% of its crude oil needs and this is a major concern going forward.

Conclusion

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The app can deliver notifications regularly to you regarding fluctuations in fuel prices, diesel prices, and hikes in petrol prices, in every Indian city, district, or state. So, make sure to download the app from the Google Play Store today!

FAQs

Is the petrol price in Bongaigaon more during the summer months?

Petrol prices fluctuate widely across the year and typically go up during summer as consumers commute more frequently. Long drives, short trips, and vacation rates go up along with the demand for petrol and diesel - this temporarily increases the petrol price in Bongaigaon during this specific period.

Is it possible to produce more petrol to keep its price stable?

No, this is not possible due to several reasons. Petrol refineries do not produce petrol during the maintenance period every year. It is extremely costly and resource-intensive to build refineries. Also, the profit margin in the refining industry keeps shrinking every year. Countries impose a lot of restrictions concerning petroleum production, citing environmental concerns, which makes extra production difficult.

How can people get more out of their fuel while driving?

You can get more bang for your buck and save a lot of money in the long run by following a few simple steps. Regularly service your car to weed out minor issues which impact fuel economy. Don't accelerate suddenly, take things slow and steady to conserve more fuel. You have to keep checking if your tire pressure is optimal or not. Don't overload your car, as less weight equals more fuel efficiency. Only use premium high-quality fuel to limit long-term engine damage. Lastly, avoid exposing your car to sunlight extensively, this will indirectly improve fuel economy - especially during those scorching summer months.